UAE Firm Led by Key Royal Sets Up Data JV With Israel’s Rafael - Bloomberg
An Abu Dhabi firm led by the United Arab Emirates’ national security adviser has set up a venture with Israel’s Rafael Advanced Defense Systems Ltd. to develop Artificial Intelligence and big data analysis for sectors including health and public safety.
Group 42 signed an agreement with Rafael to form Presight.AI and plans to establish a research and development center in Israel, it said on Monday. Israel and the UAE agreed to normalize ties last year and the collaboration on data will likely deepen the Middle Eastern nations’ relationship into the security sphere.
G42, which describes itself as an artificial intelligence and cloud computing firm, was the first UAE company to set up an office in Israel. Sheikh Tahnoun bin Zayed Al Nahyan, the UAE’s national security adviser and brother to Abu Dhabi’s crown prince, is the company’s chairman.
AI companies globally have been developing new types of processing software to manage big data that are large and complex. But the collection and use of such information has been a source of political tension, especially between China and the United States and feeds into debates over data privacy that also affect global companies.
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